Crypto Daily Market Report – August 31, 2026

Macro conditions tightened again following Jackson Hole. Fed Chair Kevin Warsh said last Friday that further rate hikes may still be needed if inflation does not clearly return toward the 2% target, pushing market expectations for a September hike sharply higher. The 2-year U.S. Treasury yield rose about 12.8 basis points to 4.36% in a single session, while the dollar strengthened. U.S. equities came under pressure, with the Dow down 0.02%, the S&P 500 down 0.25%, and the Nasdaq down 0.52%, while BTC fell about 3.3% on the day. Geopolitical risks escalated further over the weekend after the U.S. struck two Iranian rocket-launch sites on Larak Island near the Strait of Hormuz, followed by Iranian retaliation against a U.S. military base in Jordan. Brent crude rose more than 2.5% to above $90 per barrel, while Asian equities broadly declined on Monday. Crypto briefly rebounded toward 79K over the weekend, but renewed pressure from oil, rates, and geopolitical risks pushed BTC below 77K in early trading before recovering toward 78K, while ETH fell to around $2,430. In the short term, BTC support remains around 76K–77K, while 79K–80K has again become the main resistance zone. If oil prices and Treasury yields continue to rise, risk assets could remain under pressure, making renewed ETF inflows when U.S. markets reopen a key factor in determining whether the current high-level pullback can stabilize.